The P7 per kilo drop in rice prices ... increased the buying price of rice by $40, from $580 to $620 per metric ton (MT). In 2023, the country imported at least 2.99 million MT from Vietnam or 83 ...

That is the total volume of rice that the Philippines may import this year ... Domestic rice harvest, meanwhile, is projected to drop by 300,000 MT year-on-year to 12.325 million MT from 12. ...

MANILA, Philippines – The country’s rice imports are expected to decline this ... mainly due to the drop in palay prices and the widening gap between requirements and local production ...

The Philippines, the world’s top rice importer, plans to look beyond its dominant supplier, Vietnam, to ensure steady ...

Economic managers are banking on the entry of imports slapped with a lower tariff rate to pull prevailing retail rice prices to below P50 per kilo. The Philippine Statistics Authority earlier ...

THE country’s rice imports will decline in ... proximity of Vietnam and Thailand to the Philippines.” The USDA-FAS Manila also foresees a drop in supply of imported 5-percent broken grain ...

said the Philippines and Indonesia, two of Vietnam's key rice buyers, increased their imports in 2024 to secure short-term inventories for food security. As a result, they are currently not rushing to ...

The Philippines imported 1.7 million tons of rice in the first five months of 2025, down 20.9% from a year ago.

Despite this downturn, the United States Department of Agriculture (USDA) projects that the Philippines will remain the world ...